Integrated asset management: a case study of technical and economic optimization of surface and well facilities

Abstract Oil production could be increased by using optimization techniques in each stage of oil production system from field to production unit. However, the maximum profit will be obtained once integrated optimization of surface and subsurface components of the oil production system is implemented...

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Autores principales:	Arman Darvish Sarvestani, Ali Moazami Goodarzi, Ali Hadipour
Formato:	article
Lenguaje:	EN
Publicado:	KeAi Communications Co., Ltd. 2019
Materias:	Separator Electricity Gas lift Flare NPV Optimization Science Q Petrology QE420-499
Acceso en línea:	https://doaj.org/article/0b871f0963ce4c29bc8673fd7fd129ce
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spelling	oai:doaj.org-article:0b871f0963ce4c29bc8673fd7fd129ce2021-12-02T10:06:52ZIntegrated asset management: a case study of technical and economic optimization of surface and well facilities10.1007/s12182-019-00356-61672-51071995-8226https://doaj.org/article/0b871f0963ce4c29bc8673fd7fd129ce2019-08-01T00:00:00Zhttp://link.springer.com/article/10.1007/s12182-019-00356-6https://doaj.org/toc/1672-5107https://doaj.org/toc/1995-8226Abstract Oil production could be increased by using optimization techniques in each stage of oil production system from field to production unit. However, the maximum profit will be obtained once integrated optimization of surface and subsurface components of the oil production system is implemented. In addition, when using high-tech equipment and facilities, an integrated study of well and surface facilities affects the economic benefits significantly. In this work, one of the Iranian brown fields (mature or declining production fields) was studied to find the best renovation plan with maximum profits. The base scenario was designed with four stages of separation, and the high-pressure gases from the first and the second separator were planned to be sold, while the low-pressure gases from subsequent stages were supposed to be flared. In this paper, two additional scenarios, namely separator optimization and full optimization, were proposed and 12 cases were defined. In the full optimization scenario, low-pressure gases were prevented from being flared. It was observed that by stopping the flaring systems, gas production rate increases as high as 20% and 150 to 200 MW power will be generated in all cases during the next 20 years. Finally, economic evaluation for all of the cases was done and different cases were compared in terms of incremental annual worth and payback period.Arman Darvish SarvestaniAli Moazami GoodarziAli HadipourKeAi Communications Co., Ltd.articleSeparatorElectricityGas liftFlareNPVOptimizationScienceQPetrologyQE420-499ENPetroleum Science, Vol 16, Iss 5, Pp 1221-1236 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	Separator Electricity Gas lift Flare NPV Optimization Science Q Petrology QE420-499
spellingShingle	Separator Electricity Gas lift Flare NPV Optimization Science Q Petrology QE420-499 Arman Darvish Sarvestani Ali Moazami Goodarzi Ali Hadipour Integrated asset management: a case study of technical and economic optimization of surface and well facilities
description	Abstract Oil production could be increased by using optimization techniques in each stage of oil production system from field to production unit. However, the maximum profit will be obtained once integrated optimization of surface and subsurface components of the oil production system is implemented. In addition, when using high-tech equipment and facilities, an integrated study of well and surface facilities affects the economic benefits significantly. In this work, one of the Iranian brown fields (mature or declining production fields) was studied to find the best renovation plan with maximum profits. The base scenario was designed with four stages of separation, and the high-pressure gases from the first and the second separator were planned to be sold, while the low-pressure gases from subsequent stages were supposed to be flared. In this paper, two additional scenarios, namely separator optimization and full optimization, were proposed and 12 cases were defined. In the full optimization scenario, low-pressure gases were prevented from being flared. It was observed that by stopping the flaring systems, gas production rate increases as high as 20% and 150 to 200 MW power will be generated in all cases during the next 20 years. Finally, economic evaluation for all of the cases was done and different cases were compared in terms of incremental annual worth and payback period.
format	article
author	Arman Darvish Sarvestani Ali Moazami Goodarzi Ali Hadipour
author_facet	Arman Darvish Sarvestani Ali Moazami Goodarzi Ali Hadipour
author_sort	Arman Darvish Sarvestani
title	Integrated asset management: a case study of technical and economic optimization of surface and well facilities
title_short	Integrated asset management: a case study of technical and economic optimization of surface and well facilities
title_full	Integrated asset management: a case study of technical and economic optimization of surface and well facilities
title_fullStr	Integrated asset management: a case study of technical and economic optimization of surface and well facilities
title_full_unstemmed	Integrated asset management: a case study of technical and economic optimization of surface and well facilities
title_sort	integrated asset management: a case study of technical and economic optimization of surface and well facilities
publisher	KeAi Communications Co., Ltd.
publishDate	2019
url	https://doaj.org/article/0b871f0963ce4c29bc8673fd7fd129ce
work_keys_str_mv	AT armandarvishsarvestani integratedassetmanagementacasestudyoftechnicalandeconomicoptimizationofsurfaceandwellfacilities AT alimoazamigoodarzi integratedassetmanagementacasestudyoftechnicalandeconomicoptimizationofsurfaceandwellfacilities AT alihadipour integratedassetmanagementacasestudyoftechnicalandeconomicoptimizationofsurfaceandwellfacilities
_version_	1718397633413775360

Integrated asset management: a case study of technical and economic optimization of surface and well facilities

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